Alki Beach 4-Plex
Multifamily | 4 Units | $337,500/unit
Marketing description
Prime 4-unit multifamily property, located just one block from Alki Beach and a 15-minute drive from Downtown Seattle, blending coastal charm with urban accessibility. Targeted renovations offer substantial value-add potential, projecting an additional $346+ per unit in monthly rent, boosting cash flow and property value. Situated in a high-demand, low-supply waterfront market, the area boasts consistent tenant retention and strong appreciation over the decades. The property features a sophisticated owner’s suite-style apartment with two bedrooms, vaulted ceilings, a gas fireplace, and large windows, ideal for owner-occupiers craving a dynamic lifestyle with beachfront dining and recreation steps away.
Investment highlights
Prime 4-Unit Multifamily located just one block from Alki Beach and only 15 minutes from Downtown Seattle, offering the perfect blend of coastal charm and urban convenience.
Value-Add Opportunity: Targeted renovations project an increase of $346+ per unit in monthly rent, driving stronger cash flow and property value.
High-Demand, Low-Supply Market: The Alki waterfront area boasts consistent tenant retention, robust rental demand, and long-term appreciation.
Sophisticated Owner’s Unit: Features 2 bedrooms, vaulted ceilings, a gas fireplace, and expansive windows, ideal for owner-occupiers seeking an active, beachside lifestyle.
Exceptional Location: Surrounded by beachfront dining, recreation, and walkable amenities, delivering a rare combination of lifestyle and investment appeal.
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